Short Title:Auditing 2
Full Title:Auditing 2
Module Code:AUDT H3004
NFQ Level:7
ECTS Credits:5
Description:Module Aims: The aim of this module is to build on the concepts and processes as set out in Auditing 1 and to enable the student understand how these concepts and processes are used in an auditing environment.
Learning Outcomes:
On successful completion of this module the learner will be able to
  1. Define and explain the concept of Audit Sampling
  2. Have a thorough understanding of substantive testing and Computer Auditing
  3. To understand and identify the audit approach and objectives applicable to the main business cycles ( sales and debtors, purchases and creditors ,stocks, cash, bank, fixed assets , investments and payroll)
  4. Have an appreciation of Procedures followed in the conduct of an audit
  5. Explain the requirements of the reporting standard and to be able to prepare Audit reports

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change)
  • Audit Sampling: (10%)
    Application of sampling techniques Sampling risk Sampling methods
  • Substantive testing: (10%)
    Determining detection risk Designing substantive procedures Developing audit programmes for substantive procedures Special considerations in designing substantive procedures
  • Computer Auditing: (15%)
    The use of Computer aided assisted audit techniques
  • Audit of sales and debtors: (10%)
    Audit objectives Sales,cash receipts and sales adjustment transactions Developing the audit plan Substantive procedures
  • Audit of Purchases , Creditors and Payroll: (10%)
    Audit objectives Purchases ,creditors and payroll transactions Developing the audit plan Substantive procedures
  • Audit of stocks and tangible fixed assets: (10%)
    Stock Tangible Fixed assets
  • Audit of cash and investments: (10%)
    Cash Audit objectives Developing the audit plan Substantive procedures Investments Audit objectives Developing the audit plan Substantive procedures
  • Procedures followed in the conduct of an audit: (10%)
    Completing the audit procedures Evaluating the findings Communicating with the entity Post audit responsibilities
  • Audit reports: (15%)
    Standards of reporting Types of qualified opinion Further disclosures within audit report Other reporting considerations
Assessment Breakdown%
Course Work30%
End of Semester Formal Examination70%
 Outcome addressed% of totalAssessment Date
Formal End-of-Semester ExaminationNone70%Semester End
Coursework Breakdown
TypeDescriptionOutcome addressed% of totalAssessment Date
Continuous AssessmentThe continuous assessment will take the form of a group/individual research project (incorporating qualitative and quantitative research, report writing skills, and referencing skills). This may include a presentation based on a group research project, where students will be given a group and individual mark.30n/a

IT Tallaght reserves the right to alter the nature and timings of assessment


Module Workload & Resources

This course has no full time workload.
Required Book Resources
  • G.W. Cosserat, Modern Auditing, 2nd Ed., Wiley
Recommended Book Resources
  • Gray, Iain and Manson, Stuart, The Audit Process, Principles, Practice and Cases, 3rd Latest Ed.
  • John Dunne, Auditing Theory & Practice, 2nd Ed.
  • Porter, Simon Hatherley, Principles of External Auditing, 2nd Ed., Wiley
Required Article/Paper Resources
  • Accountancy (UK) Journal ICAEW n/a
  • Accountancy Ireland Journal ICAI n/a
  • Accountancy Age Journal n/a
  • Accountancy Plus Journal ICPAI n/a
Other Resources
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